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Thursday, November 6, 2014

Elliott Wave Update ~ 6 November 2014

The best wave relationship we have at the moment exists on the SPX at 2035 SPX. This is where wave (5) equals a Fibonacci .618 times the price length of wave (1).  Wave (4) clearly exists within the red channel and seems to have a corrective relationship with wave (1) which is why we labeled it wave (4).
 Possible squiggle count to meet this 2035 target:
GDOW still lagging.

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